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Egypt is being violated, gold mining mines in Egypt The Egyptian government is expelling workers from the mines of Qasra, a group of nationalities who work there, some of which led to the deaths
https://twitter.com/1HabibAdam/status/1551095297346080770
---------------------------->>>>
From what some Egyptians say the problem of illegal miners is quite large, so expect the EMRA and authorities to get busy
Hi Dasut, sorry to hear that you had Covid, really glad you are back and getting upto steam again!
Sorry Dasut, thank you for pointing this out, the post should have read "relatively low UNIT mining cost!"
From Kees supplied calculations the overall mining cost was high because of a strip ratio of 10.
As you rightly pointed out - For a grade of around 1.0 g/t this strip ratio is way too high!
Tibbs
I asked a very experienced and well respected mining analyst for their opinion on this report .
Verdict-
This example is focused on exploration results.
If you have a technical report on reserves, a discussion of exploration results is part of it. However, the report would also include the overall geological model, the outline of the deposit, the resources and their level of confidence, how it would be mined, the conversion factors (mining recovery and dilution), processing, production schedule both for mining and processing, cost structure and a cash flow model, preferably on an annual basis. For an “operating mine” the company is exempt from providing a cash flow model. Why? I have no idea as the whole purpose of the report is to prove these are reserves and by definition these have to be economic.
The market regulators regarding disclosure are not on the side of investors.!
Hi Tornado,
Anyone can claim to be whomsoever they want to be on internet forums, the same applies in regard to their trading prowess!
Hang on Farthing I just correct your nonsense, you don't half contradict yourself with your drivel. Now your reversing your prediction! Now let's see who's right? Lol, since when did I say which way gold was going? I merely corrected your incorrect assumption- I'll repeat, less hawkish FED is good for gold and reverse is true.
See FT piece on gold miners today, Newmont just reported near 20% inflation in costs, near halving of profits, however their aisc is still$300 below ours, the FT sees gold falling considerably further as rates continue to rise, hitting miners hard. I think Halfpenny is probably right and first there should be an immediate bounce, then I expect the FT is right about a sustained further fall which should bankrupt some high cost weak balance sheet miners, but Cey should ride through to new gold highs as long as it keeps the balance sheet strong now, which means not paying a dividend that is more than earnings, Imho
You write some foolish nonsense SJ.
My money is on pog seeing strength in the later part of this week so let's see who's right.
Sandvik LH518B Battery Electric Loader and Charging Station
Sandvik TH550B Underground Battery Electric Truck and Charging Station
https://foranmining.com/wp-content/uploads/2022/07/FOM-News-Release-Sandvik.pdf
Clean, Safer, and Efficient
The mine is being designed to take advantage of the latest technological advances as well as planning for future improvements, reducing our emissions and making the mine even safer and more efficient.
A fleet of underground electric vehicles provides low-emission transportation and a cleaner, safer work environment.
https://foranmining.com/projects/mcilvenna-bay-project/#reports
No freedom, Hoc is normal valued about 1.7 times Centamin but is now lower. However there is reason for this.
Centamin output is rising, Hoc is falling with Pallancata about to be closed
Centamin mines gold and silver, part of your Hoc figure is silver equivalent but silver is falling much faster than gold
Centamin has long lit mines but Hoc doesn't
Centamin has a hundreds of millions of dollars of cash on the balance sheet Hoc is minus over $100m
Centamin is bringing down costs Hoc's are rising
Centamin is in a currently stable country where taxes on it are not rising Hoc isn't
Centamin has problems with permits Hoc doesn't
Centamin has some great opportunities for growth, Hoc is shrinking as is struggling to buy other's cast offs to make up its shortfall etc etc
Hence why Hoc share price is unusually below that of Centamin in my very humble opinion, you did ask
No Halfpenny- you said that when gold was ~1694- it's up since you made your statement on this last Weds night.
halfpenny
$ dominanceWed 20:37
Looking like gold will be punished until at least tomorrow week ffs
Location location location lol
Centamin produce 430k gold pa, mcap 950m.
Hochschild produce 360 geo pa, mcap 385m
So either Hoch is due a rise or Centamin is due to fall, opinions?
As I said last week they are walking gold back down again for Fed hike bets buying opportunity or not, you choose.
https://www.linkedin.com/posts/maher-mahran-77103948_guess-what-activity-6957327657248149504-Kvok?
60p - I'm waiting...
Too busy out shopping in Harrods…enjoy playing with your keyboards lol
Yes, his silence is damning. He has lost credibility.
Wildtiger is a proven fantasist on the Hochschild board
This person just trades CEY stock and wants a lower price to get an entry and sell higher. He probably believes the dollar will continue with an exponential hyperbolic rise and gold will fall against the mighty dollar, followed by everything else at a global level that is outside of Russia. In fact the only thing that will go up in this scenario is coal miners as the world will give up on energy transition and reopen all the coal burning power stations and import lots of coal from places like Poland. The whole world is going to somewhere hot in a basket in any case, so wildtiger thinks we may as well make it a reality. by making a few hundred quid he can get absolutely plastered in the pub afterwards especially after the Weatherspoon's lamb Rogan josh with the rubbery poppadum's.
From recent Q2 report:
“We look forward to announcing our detailed half-year financials and declaring the interim dividend on 4 August 2022."
DrJ
"attention seeking de-ramper." ... seems to be like a wildtiger with time on his hands LOL
there are more serious matters to discuss, to state the obvious.
best
the gnome
Wildtiger - either you post a detailed and serious justification for your 60p prediction or I will assume that Mr Bond and Steve are right and you are, indeed, an attention seeking de-ramper. I am waiting.
People who post 60p just post 50p when it drops a bit then 40p and so on... they are typically bored people, mostly with nothing else to do. They tend to post of multiple stocks and boards so by the law of averages at some point will be right on a stock somewhere. They then post a lot of that stock/board claiming they are a guru... and repeat....
Click bait attention seeking through provocation.
That's a very weak response. Why 60p?